DOCSLIB.ORG

The Top 50 U.S. Optical Retailers Hit Record Sales Over $12B MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR U.S

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Top 50 U.S. Optical Retailers Hit Record Sales Over $12B MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR U.S COVER TOPIC RETAIL RI$ING The Top 50 U.S. Optical Retailers Hit Record Sales Over $12B MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR U.S. Vision Care Market Mass (in millions) Merchants’ NEW YORK—The Top 50 U.S. Optical Retail- Top 50 Share Top 10 Share Share ers achieved record collective sales of over $12 $12,151.6* $10,489.2* $3,241.9* billion for calendar year 2015, according to Vision Monday’s estimates. The dollars reflect a 35.3% 30.5% respectable sales performance for most of the 9.4% year, and include revenues from the retail sales of products, eyecare services and, when applicable, a small percentage of online sales. But most of the movement in the Top 50 rank- ings for the period, particularly among the Top Total 2015 Market: $34,446.0** 10 and Top 25, was, propelled by the effect of a * VM Estimate ** Vision care products and services sold at optical retail locations. Source: VisionWatch Data is from 12ME Dec. 2015 Continued on page 54 Consolidation Marks Sales Among VM’s Top 10 Top 50 Retailers’ Sales (in millions) NEW YORK—The collective estimated sales of the Top 10, as a proportion of the Top Mass Top 10 Share 50 U.S. Optical Retailers, is pronounced, as it’s been for the past several years. Based on Merchants’ $10,489.2* 26.7% Share 86.3% calendar year 2015 estimates, the Top 10’s share of the Top 50 amounted to 86.3 percent $3,241.9* of the Top 50’s total. This was on par with the 86.1 percent share of last year’s Top 10. The mass merchants/wholesale clubs amounted to a collective, estimated 26.7 percent of the Top 50’s total estimated sales for the 12 ME December 2015. The Top 10’s collec- Total Top 50 Sales: $12,151.6* tive retail dollar share of the total U.S. vision care market amounted to 30.5 percent of the * VM Estimate Source: VisionWatch Data is from 12ME Dec. 2015 total, or about $10.5 billion of the total market’s $34.4 billion in revenues. n 44 Key Optical Players Ranked by U.S. Sales in 2015 2015 2014 Retailer 2015 Sales1 2014 Sales1 2015 2014 Comments Rank Rank ($ Millions) ($ Millions) Units4 Units4 1 1 Luxottica Retail $2,530.0* $2,318.5* 2,311 2,291 U.S. sales estimate includes revenues from company-owned and franchised Pearle Vision stores as well as Glasses.com. Retail brands: LensCrafters (852 units), Pearle Vision (63 company-owned and 410 franchised units), Sears Optical (556 units), Target Optical (390 units), Ilori/ Optical Shops of Aspen (28 units), Oliver Peoples (10 units), Alain Mikli (2 units). All U.S. and P.R. locations. 2 2 Vision Source L.P. $2,511.5 $2,212.9 3,262 3,023 In accordance with franchise law, Vision Source is a franchisor, and its members are franchisees who own their respective practice. Vision Source was acquired by Essilor of America, a division of Essilor International, in fall 2015. 3 3 Wal-Mart Stores $1,714.0* $1,521.0* 3,582* 3,310* Retail brands: Walmart Vision Center (3,000* company-owned units), Sam’s Club Optical (582* units). 4 4 National Vision, Inc. $945.0* $890.0* 860* 792 Retail brands: America’s Best Contacts & Eyeglasses (462*units), The Vision Center (Walmart 228* units), Eyeglass World (93*units), Vista Optical (Fred Meyer 29* units), National Vision (military 48* units). Revenue figures include e-commerce. 5 6 Costco Wholesale $915.2 $833.0 475 457 Retail brand: Costco Optical Retail brand: Visionworks 6 5 Visionworks of America, Inc. $908.4 $880.1 699 652 7 10 MyEyeDr./Capital Vision $305.0 $165.0 205 139 Retail brands: MyEyeDr. acquired many independent locations and acquired 27 Eye Care Associates locations in North Carolina, Dec. 2014, Services, LLC Eye Express, The Hour Glass in 2015 8 7 Refac Optical Group $275.2 $274.8 780 736 U.S. Vision store count by retail brand: JCPenney Optical (346 units), BJ’s Optical (201 units), Nationwide Vision Centers (69 units), The Opti- cal Shop at Meijer (78 units), Boscov’s Optical (39 units), Sears Optical (19 units), AAFES (27 leased depts/military), 20/20 Vision Center (1 company-owned store). 9 8 Eyemart Express, Ltd. $233.0 $228.0 171 168 “Retail brands: Dr. Barnes’ Eyemart Express (154 units), Dr. Barnes’ Vision 4 Less (14 units), Dr. Barnes’ Eyewear Express (2 units), Dr. Barnes’ VisionMart Express (1 unit). 10 11 Cohen’s Fashion Optical $152.0 $150.0 126 128 All stores are franchised. 11 18 Eyecare Partners (used to $139.3 $65.5* 129 63 A new entity composed of Clarkson Eyecare (64 units), Thoma & Sutton be Clarkson) Eyecare (24 units), EyeCare Associates (19 units), acquired 2015 and eyecarecenter, p.a. (21 units), acquired 2015. 12 12 Texas State Optical $111.0* $105.0* 122 125 All locations are independent nework affiliates. 13 N Warby Parker $110.0*3 N 203 N VM Estimates include total revenue from online sales including 20 retail/ showroom locations open at end of Calendar Year 2015. 14 14 Emerging Vision, Inc. $107.3 $93.5 120 126 Sales include revenue from company-owned and franchised stores. Retail brands: Site for Sore Eyes (40 franchised units), Sterling Optical (7 company-owned and 63 franchised units), The Eye Gallery (9 company- owned units), Singer Specs (1 franchised unit), Kindy Optical (1 franchised unit), and The Artful Eye (1 company-owned unit). 15 9 For Eyes/Insight Optical Mfg. $105.0* $175.0* 116 144* Retail brand: For Eyes Optical. Acquired by GrandVision NV in Dec. 2015 16 13 Shopko Stores Operating $94.0* $94.0* 140 140 Retail brands: Shopko Eyecare Center (129 units), Shopko Hometown Eyecare Center (9 units), Shopko Express Eyecare Center (2 units). Co., LLC 17 16 Henry Ford OptimEyes $89.0 $68.0 19 19 Retail brands: Henry Ford Optimeyes 18 17 Luxury Optical Holdings $79.7 $67.3 61 59 Retail brands: Optica (24 units), Morgenthal Frederics (12 units), Robert Marc (8 units), Scene (5 units), Davante (4 units), Leonard Opticians (3 units), Aucourant (1 units), Optic Masters (1 unit), Opticians3 (1 unit), Specs Optical (1 unit), Riehle Optical (1 unit). 19 20 Vision Precision Holdings $74.9 $63.8 45 43 Retail brands: Stanton Optical (35 units), MyEyeLab (10 units). LLC (formerly Macarius & Daniel) Source: VM’s 2016 Top 50 U.S. Optical Retailers. When 2015 sales are the same for more than one company, the retailer with fewer 2015 U.S. stores is ranked first. *VM ESTIMATE includes company sources and documents, reports and industry sources. *=VM estimate. R=Revised N=Not on last year’s list. 45 Key Optical Players Ranked by U.S. Sales in 2015 COVER TOPIC 2015 2014 Retailer 2015 Sales1 2014 Sales1 2015 2014 Comments Rank Rank ($ Millions) ($ Millions) Units Units 20 19 SVS Vision $70.0 $65.4 68 63 21 21 Ossip $52.0* $48.0* 45* 47* Ossip Optometry and Ophthalmology. Retail brand: Crown Vision Center. 22 23 NuCrown, Inc. $43.0 $40.8 28 28 23 28 Eye Doctor’s Optical Outlets $40.7 $31.8 44 44 Retail brand: Optical Outlets. 24 27 Partners In Vision, Inc. $40.2 $34.0 104 92 Operates leased optical departments in MD practices. 25 24 Allegany Optical $36.5 $34.5 27 27 Retail brands: Allegany Optical (18 units), National Optometry (9 units). All locations are independent network affiliates. 26 25 Today’s Vision Licensing Corp. $36.0 $34.4 46 44 27 30 Wisconsin Vision, Inc./ $35.5 $30.0 38 37 Retail brands: Wisconsin Vision/Heartland Vision (30 units), Eye Boutique (8 units). Heartland Vision 28 29 SEE, Inc. $34.7 $31.2 37 36 Retail brand: OptiCare Eye Health & Vision Centers. Acquired in 29 26 OptiCare Eye Health Centers, Inc. $34.0 $34.0 18 18 Feb. 2016 by MyEyeDr. 30 31 Rx Optical Laboratories, Inc. $30.1* $29.3* 51 51 Sales revenue from 51 company-owned units. 31 33 HW Holdings, LLC $28.4 $25.5 21 22 Retail brand: All About Eyes. 32 32 Schaeffer Eye Centers $28.1* $27.5* 17 17R 33 34 Houston Eye Associates $26.3 $21.7 21 19 34 38 Rosin Eyecare $19.0 $16.5 23 19 Retail brands: Rosin Eyecare (16 Rosin Eyecare, 1 Dr. Weinstein at Rosin Eyecare, 4 ‘Centers of Excellence’ with ODs, MDs and opti- cal), 2 university optical shops. Added 4 locations in 2015. 35 35 Standard Optical $18.5 $19.0 18 19 Retail brands: Standard Optical , Opticare of Utah. 36 37 Dr. Tavel Optical Group $18.5* $17.4* 19 19 Retail brands: Dr. Tavel Family Eyecare (17 units), Vision Values (2 units). 37 39 Spex $17.0* $16.2* 25 22 38 40 Eyetique $16.2* $15.0* 21 17 Retail brands: Eyetique (13 units), Three Guys Optical (6 units), Norman Childs Eyewear by Eyetique (1 unit); Chromos Eyewear (1 unit). Acquired 1 location in 2015, now operating stores in Pittsburgh as well as Stowe, Oh and Cleveland, Oh. Retail brand: Bard Optical. 39 41 J.A.K. Enterprises, Inc. $16.0 $14.0* 21 20 40 43 Horizon Eyecare $13.0* $12.5* 6 6 Based in Charlotte, N.C. 41 44 Cocolunette Holding, LLC $12.8 $12.3 12 12 Retail brand: Edward Beiner Purveyor of Fine Eyewear. 42 46 See Center/Group Health $12.0* $11.5* 14 14 Retail brand: The See Center.
Load more

Recommended publications
  • Consolidation Changes Top Retailers' Landscape
    www.visionmonday.com COVER STORY VISION MONDAY/MAY 15, 2006 37 Consolidation Changes Top Retailers’ Landscape An exclusive look at how the leading U.S. optical chains performed in 2005 By Cathy Ciccolella Top 50 Share of U.S. The 10 largest optical retail- Senior Editor Vision-Care Market ers on this list have gained (in millions) market share among the VM NEW YORK—Last year this country’s largest eyewear/eyecare Top 50. On this year’s list, the retailers surpassed the $6-billion milestone in combined opti- Top 10 retailers have an esti- 27.3% cal sales and services, according to the 2006 VM Top 50 Optical $6,260.7* mated combined volume of Retailers listing. Total: $22,904** $5,184.3 million, representing a The country’s 50 highest-volume optical chains’ combined whopping 82.8 percent of the sales total was an estimated $6,260.7 million last year, giving Top 50 retailers’ overall sales, them a 27.3-percent share of the total $22.9-billion U.S. mar- up from 78.7 percent of last ket for vision-care products and services sold at optical retail Top 10 Share of U.S. year’s VM Top 50 aggregate Vision-Care Market locations in 2005, as estimated by VisionWatch (see related volume. (in millions) story below). The Top 10 optical retailers generated 22.6 percent of the esti- The combined sales of this year’s VM Top 50 were about 22.6% mated $22.9-billion total U.S. vision care business at optical retail $284 million higher than the aggregate volume of the leading $5,184.3* locations in 2005, up two percentage points compared to last year’s 50 chains in the VM Top 50 listing published in May 2005, listing.
    [Show full text]
  • Eye Glasses & Contact Lens Stores in the US
    WWW.IBISWORLD.COM Eye Glasses & Contact Lens Stores in the US June 2014 1 Clearer vision: Favorable demographics and demand for luxury brands will drive growth IBISWorld Industry Report 44613 Eye Glasses & Contact Lens Stores in the US June 2014 Sarah Turk 2 About this Industry 17 International Trade 34 Regulation & Policy 2 Industry Definition 18 Business Locations 35 Industry Assistance 2 Main Activities 2 Similar Industries 20 Competitive Landscape 36 Key Statistics 3 Additional Resources 20 Market Share Concentration 36 Industry Data 20 Key Success Factors 36 Annual Change 4 Industry at a Glance 20 Cost Structure Benchmarks 36 Key Ratios 22 Basis of Competition 5 Industry Performance 23 Barriers to Entry 37 Jargon & Glossary 5 Executive Summary 25 Industry Globalization 5 Key External Drivers 7 Current Performance 26 Major Companies 9 Industry Outlook 26 Luxottica Group S.p.A. 11 Industry Life Cycle 27 National Vision Inc. 28 Highmark Inc. 13 Products & Markets 13 Supply Chain 32 Operating Conditions 13 Products & Services 32 Capital Intensity 14 Demand Determinants 33 Technology & Systems 15 Major Markets 33 Revenue Volatility www.ibisworld.com | 1-800-330-3772 | [email protected] WWW.IBISWORLD.COM Eye Glasses & Contact Lens Stores in the US June 2014 2 About this Industry Industry Definition Establishments in this industry sell and lens processing services. The industry eyeglasses, contact lenses, sunglasses, excludes the manufacture of lenses, online safety eyewear and optical accessories. and mail-order retail of optical goods
    [Show full text]
  • June 16, 2008 Vol. 22 No. 7 $15 M
    www.visionmonday.comM JUNE 16, 2008 VOL. 22 NO. 7 $15 EYEPOINTDesigned with Shamir TECHNOLOGY® Go ahead, give into the Creation® temptation. Shamir progressive lenses are designed with patented EyePoint Technology®, simulating the human eye at every angle of vision. Unwanted distortion disappears as quickly as apples do in the Garden of Eden. Exercise your free will. Order Shamir Creation® - OLA’s 2006 Best Lens Design. Shamir Progressive Lenses - ReCreating Perfect Vision® shamirlens.com 5^a_PcXT]cbST\P]SX]VcWTQTbc £°Ç{ CWTf^a[SzbUXabc &# CWTf^a[SzbcWX]]Tbc[T]b CWTf^a[SzbUX]Tbc^_cXRb £°Ç{ÊÊÊ CWTcWX]]Tbc[T]bPePX[PQ[Tc^h^daRdbc^\Tab >ÌiÀ>\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê1ÌÀ> } Ê`iÝ ,ivÀ>VÌÛiÊ`iÝ\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê£°Ç{ LLiÊÛ>Õi\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°ÊÎÎ -«iVwVÊ}À>ÛÌÞ\°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°Ê£°{È ÊÊÊÊÊÊÊÊ Ê£°Ç{ÊÃÊÕ«ÊÌÊxä¯ÊÌ iÀÊÌ >ÊÀi}Õ>ÀÊ«>ÃÌVÊ >`ÊViÃÊÃÌ>`>À`ÊÜÌ Ê Ê >ÃÞ/ i>Ê >Ì}° *>ÃÌVÊ£°x \Ê >ÃÞ/ i>Ê >Ì} Ê£°Ç{ Ì>VÌÊ >ÃÃ>ÕÊ6ÃÊÀÕ«Ê i>`µÕ>ÀÌiÀÃÊ>ÌÊnääxÓÈäΣΠÀÊÛÃÌÊÜÜÜ°>ÃÃ>ÕÓ{Ç°VÊ>`ÊÃÌ>ÀÌÊÀ`iÀ}ÊÌ`>Þ°Ê Ê"«ÌV>Ê1-ÊV° £ÎääÊ7>ÌÊ7 Ì>Ê,>` iÛi]Ê 9Ê££Ç{ÇÎäÈ{ ÊÃÊ>ÊÀi}ÃÌiÀi`ÊÌÀ>`i>ÀÊvÊ Ê À«À>Ì° ^ÓäänÊ Ê"«ÌV>Ê1-ÊV°Ê www.visionmonday.com THIS MONTH IN VM VISION MONDAY/JUNE 16, 2008 3 EDITOR’S NOTE IN THIS ISSUE It's Time to Get With the 'Online' Program News PBA joins groups opposing FDA It’s mid-way through millions, and of all age groups and social/eco- 6 lens impact regs . 2008, people. nomic spheres, they are seeking out and learning VisionMonday.com wins EPpy Let’s try to all agree what they can about eyecare and health care via Award, min honors .
    [Show full text]
  • What's Your Plan
    MAY 19, 2014 19,MAY 2014 28 / NO. 6 $15 VOL. VISIONMONDAY.COM IN THE NEW ERA OF MANAGED CARE, WHAT’S YOUR PLAN TO WIN: More Patients More Profits More Time All of the Above More Patients More Profits More Time All of the Above Continued access to patients in the changing landscape of healthcare delivery is a challenge. But amidst this change, Vision Source® is creating new patient and revenue opportunities for our members. The relationships that Vision Source® already has with Medicare Advantage and Accountable Care Organizations are putting patients in the offices of our members today. Those relationships will continue to grow as Vision Source® members lead the way in demonstrating optometry’s eminence in patient-centered health care. MAY 19, 2014 28 / NO. 6 $15 VOL. VISIONMONDAY.COM Deals and Consolidation Reposition Leading Optical Retailers Enriching lives by enabling independent optometrists to reach their full potential. Find out how at VisionSourcePlan.com Reprinted with permission from Vision Monday May 19, 2014 FRONT LINES NEWSMAKER/Vision Source An Eyecare ‘Alliance’ Forges a Higher Profi le BY MARGE AXELRAD / EDITORIAL DIRECTOR NEW YORK—Vision Source, the largest membership alliance of eyecare professionals in the U.S., is asserting its visibility in the optical market, owning up to its fran- chise structure and the substantial size of its members’ collective revenues while encouraging both current and prospective members to see the value of its many programs, services and infrastructure. As illustrated by VM’s discussions with Jim Green- wood, CEO and other senior execs at the Kingwood, Texas-based company, the group is forging a higher Vision Source’s exec team at the company’s new Kingwood, Texas HQ office/member support center: (L to R) Glenn Ellisor, profile to attract new members into the fold as it is OD, founder and exec chairman; Bryan Pinciaro, SVP and chief marketing officer, Derrick Artis, OD, EVP, operations, also working “outside” the traditional boundaries of and Jim Greenwood, president and CEO.
    [Show full text]
  • SCHEDA DI MERCATO OCCHIALERIA Giugno 2020 Agenzia ICE New York
    USA - SCHEDA DI MERCATO OCCHIALERIA Giugno 2020 Agenzia ICE New York 1 1. ANDAMENTO CONGIUNTURA DELL’ECONOMIA AMERICANA ______________________________ 3 Interscambio commerciale con l’Italia ____________________________________________________________________ 3 2. IL MERCATO DELLA OCCHIALERIA NEGLI USA _________________________________________ 6 Produzione Locale __________________________________________________________________________________ 7 Dimensioni e ripartizione delle vendite _______________________________________________________________ 8 3. CANALI DISTRIBUTIVI __________________________________________________________________ 9 Montature __________________________________________________________________________________________ 9 Occhiali da sole ___________________________________________________________________________________ 11 E-Commerce ______________________________________________________________________________________ 12 4. IL COMMERCIO DELLA OCCHIALERIA IN USA CON IL RESTO DEL MONDO _______________ 13 POSIZIONAMENTO ITALIA _________________________________________________________________________ 13 Importazioni USA della Occhialeria _________________________________________________________________ 13 Importazioni di Montature per occhiali ______________________________________________________________ 14 Importazioni di Occhiali da Sole ____________________________________________________________________ 15 CONCORRENTI ____________________________________________________________________________________ 15 5. SUGGERIMENTI
    [Show full text]
  • Stacking up the Top 50 Optical Retailers COVER TOPIC
    34 Stacking Up the Top 50 Optical Retailers COVER TOPIC VM’s Ranking Underscores Expansion Among the 10 Leading Players MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR AND MARK TOSH / SENIOR EDITOR U.S. Vision Care Market Mass (in millions) Merchants’ NEW YORK—New attitudes among consumers to- Top 50 Share Top 10 Share Share ward purchasing in general and the rise of digital $14,361.0* $12,561.7* $3,501.5* exploration and purchasing may have upended the general retail marketplace last year with many store closures and reorgs. But as the U.S. economy 40.2% 35.2% 9.8% held its own, the optical industry’s total sales rose just slightly and remained stable. It was new and continued private equity-driven investments in optical and optometric retail and solid organic sales growth from value-sector opti- Total 2018 Market: $35,725** cal retailers that reflected a higher dollar volume * VM Estimate ** Vision care products and services sold at optical retail locations. Source: VisionWatch | The Vision Council among the 50 U.S. Optical Retailers in Vision Mon- Data is from 12ME Dec. 2018 Continued on page 44 VM’s Top 50 Sales Concentration Grows Top 50 Retailers’ Sales (in millions) NEW YORK—There was a higher concentration of sales among the 2019 VM Top Mass Top 10 Share Merchants’ $12,561.7* 50 U.S. Optical Retailers, which assesses estimates of 12 months of calendar sales 24.4% Share 87.5% for the year ending Dec. 2018. The Top 10 optical retailers collectively comprise $3,501.5* 87.5 percent of the Top 50 U.S.
    [Show full text]
  • View a PDF of This Year's Top 50 U.S. Optical Retailers 2021
    14 Crafting a Comeback The Nation’s Leading Retailers and ECP Groups Endure the Unprecedented, Rethink Priorities and Shape a New Vision of the Future MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR AND MARK TOSH / SENIOR EDITOR he year 2020 was remarkable, presenting an almost un- periods, and many still struggle with issues related to staffing and imagined range of challenges unheard of before COVID-19 in-office safety. Resiliency became the watchword. became part of the lexicon. The result has been a wave of To gain a better understanding of what happened and what lies Tchanges for everyone, whether at work or at home. ahead, as Vision Monday issues its signature Top U.S. Optical Retailers Like many businesses, the optical/eyecare sector was signifi- Report in such an exceptional year, we asked several of the Top 50’s cantly impacted by the long-running and continuing pandemic. optical retail executives about how they adapted to 2020’s upheaval Practices closed or operated with reduced hours over various time and what they see coming next. Here’s what they said. n cating the public on overall vision health and the value of In addition, a delay in eye exams and increased eye Russ Steinhorst comprehensive eye exams. strain has driven a surge in demand. We expect this to CEO With respect to staffing, our number one priority dur- continue as students prepare to return to school this fall.” Shopko Optical ing the pandemic was to take care of our teams who take care of our patients. We are fortunate to have a tenured “2020 was a year of unprec- loyal workforce, and worked to ensure teammates had Reade Fahs edented change.
    [Show full text]
  • EDITED TRANSCRIPT EI.PA - Full Year 2015 Essilor International Compagnie Generale D'optique SA Earnings Presentation
    THOMSON REUTERS STREETEVENTS EDITED TRANSCRIPT EI.PA - Full Year 2015 Essilor International Compagnie Generale D'Optique SA Earnings Presentation EVENT DATE/TIME: FEBRUARY 19, 2016 / 09:00AM GMT 1 THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us © 2016 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. FEBRUARY 19, 2016 / 09:00AM GMT, EI.PA - Full Year 2015 Essilor International Compagnie Generale D'Optique SA Earnings Presentation CORPORATE PARTICIPAN TS Hubert Sagnieres Essilor International - Chairman & CEO Laurent Vacherot Essilor International - COO Jayanth Bhuvaraghan Essilor International - Chief Corporate Mission Officer Paul du Saillant Essilor International - COO CONFERENCE CALL PART ICIPANTS Nicolas Langlet UBS - Analyst Veronika Dubajova Goldman Sachs - Analyst Antoine Belge HSBC Global Research - Analyst Claude BollierAnalyst Delphine Le Louet Societe Generale - Analyst PRESENTATION Hubert Sagnieres - Essilor International - Chairman & CEO (interpreted) Good morning to all of you this morning. Thank you for coming to listen to the presentation of our results 2015. I hope that you've all received the beautiful sunglasses, Osse, that is our flagship brand in Turkey. This morning, you also saw that we've been doing some advertising for west France that is studying at the Brand Institute in Australia on the evolution of myopia in the world. That's one of the major topics. You must have seen it in full details, and you can go on their site. There will be more than 5 billion myopic people by 2050.
    [Show full text]
  • Private Equity Takes Root What Does It Mean for Optometry?
    PRIVATE EQUITY TAKES ROOT WHAT DOES IT MEAN FOR OPTOMETRY? A Special Vision Expo Event September 27, 2018 Vision Expo West | Venetian/Sands Convention Center Las Vegas, Nevada PROGRAM AGENDA TIME TOPIC PRESENTER 7:15 A M Greeting Marge Axelrad & Roger Mummert “Opportunity Brings Us Together” 7:20 Overview Mark Wright, OD, FCOVD “Situation & Opportunity” ROB Professional Editor 7:30 “New Economics of Practice Richard Edlow, OD & New Strategies of Investment” Eyeconomist 7:50 The Decision Tree Michael Kling, OD “Pros & Cons: Acquisition vs. Retention” InVision Optometry 8:10 “Defining the Private Equity Value Statement” Marge Axelrad & Roger Mummert 8:15 Panel Discussion Sue Downes, MyEyeDr./Capital Vision Services “The Value We Present to ODs” Kelly McCrann, EyeCare Partners/FFL Eric Anderson, Acuity Eyecare Group Bob Barton, Total Eyecare Partners 8:50 Q&A Marge Axelrad & Roger Mummert moderators 9:15 Conclusion Copyright © 2018 Jobson Medical Information LLC. The reproduction, distribution and/or display of the material in this presentation without permission is expressly prohibited. For permission, contact Marc Ferrara, CEO, Information Services Division, Jobson Medical Information, [email protected]. 2| PRESENTERS Mark Wright, OD, FCOVD Sue Downes is Professional Editor of Review of Optomet- is CEO of MyEyeDr., a group which has ric Business. Dr. Wright heads the Bennett/ been actively expanding in several major VSP Business Management Program at The markets in the MidAtlanic, Northeast, Ohio State University College of Optometry. Southeast and Midwest for the past several He is Founder and CEO of Optometry- years to include more than 420 offices match.com, which facilitates the transfer of today.
    [Show full text]
  • Vision Monday Dedication So Many Women Be They Opticians Or Executives, Doctors Or Designers, AVERAGE SALARY Devote to It
    COVER TOPIC Optical XXcellence Celebrating VM’s 2012 Influential Women NEW YORK—The optical industry, with its singu- On a broader level, consumers’ changing per- • Mentors: Women who are team builders, devel- lar mix of fashion, technology and medicine, offers ception of eyewear as more of a fashion accessory opers of talent, who via example or education a multitude of career choices rivaled by few other and less of a medical device has allowed women and training successfully influence others to fields. From board room to exam room to back who design, dispense, buy and sell eyewear to learn and to grow in their business or profes- office, the list of optical jobs is almost limitless. capitalize on their sense of style. sional acumen. Within this diverse spectrum, women occupy In this context we view our Influential • Innovators: Women who have initiated new many positions of influence, often playing pivotal Women—who are chosen from a large pool of product developments or special programs in roles that shape the character of the companies nominees named by VM readers—and profile the arena of marketing, technology or retail, and organizations in which they work. A select their accomplishments in the following roles: who have spearheaded innovative business number of them, recognized and respected by col- ideas or enterprises. leagues and customers alike, comprise VM’s 2012 • Executive Suite: Women who hold positions As you read these profiles, we hope you’ll learn roster of Influential Women. such as president, VP, CEO, CFO, CMO, something about each of these remarkable women In the 10 years since VM inaugurated its annual CIO or COO and who guide their companies and appreciate why they’ve earned a spot on our Influential Women report, the roles of women in forward, inspire leadership among their teams honor roll.
    [Show full text]
  • View a PDF of Last Year's Top 50 U.S. Optical Retailers 2020
    10 Updated on 5/20/2020 Preparing for a Retail Reset What Might the Future Hold as Optical Retail Transforms Post-COVID-19? ow does a leader prepare for a never-known-before your patients. As we examine the 2019 year past, VM asked challenge? Pause. Breathe. Rely on colleagues. Get the a few of our Top 2020 U.S. Optical Retailer executive leaders H real facts. Make a plan. Be prepared to change it. Do about the pandemic and what it could mean for the future. the right thing for your team, your employees, your company, - The Editors QUESTION #1 QUESTION #2 QUESTION #3 What do you feel will What are some of the new What’s important for all be the new priority(ies) technologies, approaches senior optical exec/retail for consumers/patients you and your team might leaders to keep in mind or when they return to be employing more of prioritize as they manage practices this year, next when you start to reopen. their businesses to come year/longer term? Telehealth? Online offer- back in the “new” envi- ings? New merchandise ronment? mix? DATA analysis? Edward Beiner Sue Downes If you are watching traditional retailers and restau- Founder and Chief CEO rants on TV advertisements, you’ll be hearing a lot about Vision Officer MyEyeDr. non-contact interactions, and optometry needs to adapt Edward Beiner Group quickly to this new basic expectation. That means ex- “This pandemic has caused panding telehealth services, developing new methods “Going forward, more per- patients to rethink their re- of outreach to patients, and understanding more about sonalized service but a safe lationship with their optom- what patients need and why they are looking for exami- and protected environment etrists and view them as nation, diagnosis, products, and other services related to will be key priorities.
    [Show full text]
  • Testimony in Support of House Bill 116 Before the House Ways & Means Committee
    TESTIMONY IN SUPPORT OF HOUSE BILL 116 BEFORE THE HOUSE WAYS & MEANS COMMITTEE JOSEPH B. NEVILLE, EXECUTIVE DIRECTOR NATIONAL ASSOCIATION OF OPTOMETRISTS AND OPTICIANS Chairman Schaffer, Vice Chairman Scherer, Ranking Member Rogers and members of the House Ways & Means Committee, thank you for the opportunity to present as a proponent of House Bill 116. My name is Joe Neville and I am the Executive Director of the National Association of Optometrists and Opticians, or NAOO. We would also like to offer thanks to Representative Merrin for introducing this important measure. The NAOO is a national trade organization representing the retail optical field. NAOO is consumer-service oriented, dedicated to the proposition that the consumer’s visual care needs are met most completely and economically by the free market, in the tradition of the American business system. Our membership in Ohio consists of Luxottica Retail of North America (d.b.a. LensCrafters, Pearle Vision, Sears Optical and Target Optical), Costco Optical, EyeMart Express, HVHC Retail Group (d.b.a. Visionworks), National Vision Inc. (d.b.a. America’s Best, Eyeglass World and one military PX base at Wright Patterson Air Force base), U.S. Vision, Inc. (d.b.a. J.C. Penney Optical, BJ’s Optical and Meijer’s Optical Centers) and Walmart Optical. Each of these companies have made significant investments in the “Buckeye State” by building and merchandising their stores while employing hundreds of Ohio citizens in a variety of store and management positions. House Bill 116 is important because eye care and the affordability of any resulting eye wear are important to the health and well-being of Ohio’s citizens.
    [Show full text]